North American light-vehicle production reached 1,231,471 units in July, 20.3% higher than last year, resulting in a record high for that month. U.S. light-vehicle inventory hit a 10-year high in July, as automakers prepared for lost output in the coming months from retooling shutdowns for new products. The Detroit Three posted 22.3% growth in monthly LV output, totaling 671,549, according to WardsAuto estimates. Chrysler’s builds soared 45.4% from last year to 219,604, a July record ...

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